Table of contents Table of Contents

1. Recent Performance 2. Why the BVL Venture Exchange? 3. BVL s Experience 4. MILA – Integrated Latin American Market 5. Final Remarks 1. Recent Performance

BVL KPI 2010 Brockers 23 Issuers 248

Market Cap The most important Junior mining projects of listed companies

Great Opportunity: More than 250 mining projects are being developed in Peru. 85 Mining Companies with projects in Perú are registered at TSX and TSXV TSX.V : 57 companies with 152 properties in Peru TSX : 28 companies with 112 properties in Peru

AGUILA AMERICAN RESOURCES LTD. MACUSANI YELLOWCAKE INC. MAGELLAN MINERALS LTD. ALTURAS MINERALS CORP. BARRICK CORPORATION MPH VENTURES CORP. AM GOLD INC. CANDENTE CORP. NETWORK EXPLORATION LTD. AMERICAS PETROGAS INC. CARDERO RESOURCE CORP. NEW DIMENSION RESOURCES LTD. ANDEAN AMERICAN GOLD CORP. CHARIOT RESOURCES LIMITED NEW HIGH RIDGE RESOURCES INC. ANDEANGOLD LTD. CROCODILE GOLD CORP. NEW OROPERU RESOURCES INC. ANTARES MINERALS INC. DYNACOR GOLD MINES INC. PANORO MINERALS LTD. AQM COPPER INC. GEOLOGIX EXPLORATIONS INC. PANTHERA EXPLORATION INC. ARCTURUS VENTURES INC. GOLDEN MINERALS COMPANY PLEXMAR RESOURCES INC. BEAR CREEK MINING CORPORATION GRANDVIEW GOLD INC. RADIUS GOLD INC. CANADIAN SHIELD RESOURCES LTD. IAMGOLD CORPORATION RIO CRISTAL RESOURCES CORP. CENTURY MINING CORPORATION INMET MINING CORPORATION ROCMEC MINING INC. CONDOR RESOURCES INC. INTERNATIONAL MINERALS CORPORATION SALAZAR RESOURCES LIMITED DORATO RESOURCES INC. MALAGA INC. SHANE RESOURCES LTD. DURAN VENTURES INC. MAWSON RESOURCES LIMITED SIENNA GOLD INC. EL CONDOR MINERALS INC. MINERA IRL LIMITED SINCHAO METALS CORP. ESPERANZA CORPORATION NORSEMONT MINING INC. SOLITAIRE MINERALS CORP. FISSION ENERGY CORP. PAN AMERICAN SILVER CORP. SOUTHERN ANDES ENERGY INC. FOCUS VENTURES LTD. PARAMOUNT GOLD AND SILVER CORP. ST. ELIAS MINES LTD. FORTUNA SILVER MINES INC. SILVER STANDARD RESOURCES INC. STRAIT GOLD CORPORATION GALENA INTERNATIONAL RESOURCES LTD. SILVER WHEATON CORP. TAMERLANE VENTURES INC. GITENNES EXPLORATION INC. SOLITARIO EXPLORATION & ROYALTY CORP. TINKA RESOURCES LIMITED GOLD HAWK RESOURCES INC. SPROTT RESOURCE CORP. ULTRA LITHIUM INC. GOLDEN ARROW RESOURCES CORPORATION SULLIDEN GOLD CORPORATION LTD. UPPER CANYON MINERALS CORP. GRENVILLE GOLD CORPORATION TECK RESOURCES LIMITED WEALTH MINERALS LTD. IBERIAN MINERALS CORP. VAALDIAM MINING INC. INCA PACIFIC RESOURCES INC. VENA RESOURCES INC. JOURNEY RESOURCES CORP. YAMANA GOLD INC. LARA EXPLORATION LTD. ZINCORE METALS INC. LATEEGRA GOLD CORP. LUCKY MINERALS INC. Stock Market Capitalization by Industry Listed Companies by Industry

Mining in % of equity operations in the BVL IGBVL vs Metals Prices BVL Mining Companies

4 Foreign 2 Graduated

23 Peruvian 12 Juniors

39 Mining Companies Listed 2. Why the BVL Venture Exchange?

1. The only one in Latin America 2. Short and simple 3. Infrastructure Facilities 4. Stable framework 5. A natural market 6. Emerging class of investors 7. Corporate Governance. 8. Exposure to MILA 3. BVL s Experience General Index

Year Jr. Listed

2005 1

2006 1

2007 5

2008 5

2009 1

2010 4

Y 2010: Zincore Metals Inc, Crystal River Resources Corporation, Gold Corp. Candente and Bear Creek Mining Corporation, were listed as a juniors. Jr Companies currently listed Junios Participation in Trade Volume % Main Junior s Trade Volume US$

Rio Alto Mining Limited (US$) Monto Negociado de Rio Cristal Resources Corporation (US$) 1.65 1.50 700,000 1.35 1.20 600,000 1.05 500,000 0.90 0.75 400,000 0.60 300,000 0.45 0.30 200,000 Millones 0.15 100,000 0.00 0 2009 2010 2010 2010 2010 2009 2009 2010 2010 2010 2010 2010 2010 2011 / / / / / 2010 2010 2010 2010 2010 2010 2010 2010 2010 2011 2010 2011 2010 / / / / / / / / 11 02 05 08 11 10 / 12 / 04 / 07 / 09 / 12 / 01 / 10 / 01 / / / / / / 07 07 08 08 10 11 11 12 09 / 01 / 09 / 01 / 10 / / / / / / / / / 28 / 28 28 / 28 31/03/2010 30 / 31 30/06/2010 31 / 31 30 / 30 31 / 28 / 31 / 31 / 05 20 04 19 03 / 18 02 17 02 17/12/2010 01 / 31/01/2011 18 / 16 / 03 /

Panoro Minerals Ltd. (US$) Candente Copper Corp. (US$) 600,000 700,000 500,000 600,000 400,000 500,000 400,000 300,000 300,000 200,000 200,000 100,000 100,000 0 0 2009 2009 2009 2009 2010 2010 2010 2010 2010 2009 2011 / / / / / / / / / 2009 2009 2010 2010 2010 2010 2011 2009 2009 2009 2010 2010 / / / / / / / 03 05 09 11 03 05 07 09 11 01 / 01 / / / / / / / / / / 08 12 02 06 08 12 02 02 / 06 / 10 / 04 / 10 / / / / / / / / 30 / 30 30 30/07/2009 30 30 31/01/2010 31 31 31 30 30 31 / 02 / 02/04/2009 02 / 02 02 / 02 02 02 / 02 02 02 / 02 02 Market Capitalization

450 25 Rio Cristal Resources Corporation 400 Rio Alto Mining Limited 350 20 300 250 15 200 10

150 Millones Millones 100 5 50 0 … … … … 0 - - - 10 10 09 10 10 09 10 10 10 10 10 ------10 10 10 10 10 - - - - - Nov Nov Mar - May Jul Dic - Dic - Jun Oct Oct Abr - Feb Sep Ene Ago Jul Oct Sep Ago Nov

140 Candente Copper Corp. Panoro Minerals Ltd. 40 120 35 100 30 80 25 60 20 Millones 40 Millones 15 10 20 5 0 0 09 10 09 09 09 10 10 10 09 09 10 10 ------09 10 09 09 09 10 10 10 09 09 10 10 ------Jul Jul Sep Sep Ene Ene Nov Nov Mar - Mar - Jul Jul May May Sep Sep Ene Ene Nov Nov Mar - Mar - May May

* Capitalización Bursátil del último día del mes. 70.0% Freefloat Junior Majors Holders evolution 1600 60.0% RIO ALTO MINING 1400 LIMITED 50.0% 1200 40.0% RIO CRISTAL 1000 RESOURCES CORPORATION 30.0% 800 CANDENTE COPPER 20.0% 600 CORP 400 10.0% 200 PANORO MINERALS 0.0% LTD. 0 AQM ALT BCM DNT CDG IPR NOM PML RIO RCZ VEM ZNC 2008 2009 Nov-10 Evolution Number of shares evolution (CAVALI)

250,000,000 ZINCORE METALS INC.

200,000,000 VENA RESOURCES INC.

RIO CRISTAL RESOURCES 150,000,000 CORPORATION RIO ALTO MINING LIMITED

100,000,000 PANORO MINERALS LTD.

50,000,000 NORSEMONT MINING INC.

INCA PACIFIC RESOURCES INC. 0 CANDENTE GOLD CORP. 2008 2009 Nov-10 Juniors Mining (US$) 1.80 Minera IRL 1.8 1.60 1.6 1.40 1.4 During 2008 junior 1.20 1.2 Minera IRL was 1.00 1 incorporated at the 0.80 0.8 Main Market 0.60 0.6 0.40 0.4 0.20 0.2 Millones 0.00 0 Fortuna Silver Mines Inc.

300,000.00 6 TRADE VOLUMEN($) LAST PRICE ($)

250,000.00 5

200,000.00 4 On January 20th 2010 Fortuna 150,000.00 3 Silver Mines was incorporated at the Main Market 100,000.00 2

50,000.00 1

0.00 0

TRADE VOLUMEN($) LAST PRICE ($) During 2009 and 2010 20 placement were made 4. MILA : Integrated Latin American Markets Rates in Latin America 561

423 377 $1.467

$633

$614 $87 $388

$57 Billions $USD /Set 2010 Mexico data includes Global Market GDP (Billones USD) $283 $199 $153

Population (Millions) 45 17 30 Pension Funds Portfolio (USD Billions) $49 $149 $31 Market Cap (USD $208 $342 $161 Billions) VolumeVolume TradedTrades EquityEquity MarketMarket (USD(USD MBillions/illions – Dailydaily $112 $220 $24 Averageaverage) 08-10)

Dec. 2010 5. Final Remarks

• Regardless of the market s crisis and turmoil, Perú and the (BVL) have done well, with mining remaining the dominant sector. • The BVL has an increasing investor´s appetite for junior miners as these companies have the potential to emerge as great producers in the next years. • The Exchange and the Market have the capacity and infrastructure needed to further develop and support the growth of its junior segment. • With MILA in place, our challenge is to become the gateway to the Latin American Region.